https://www.taxtmi.com/caselaws?id=396306 Input tax credit reversal under the Tamil Nadu Value Added Tax Act, 2006 cannot rest on a blanket or uniform percentage of invisible loss without proper factual enquiry. The Assessing Authority must issue a clear show cause notice, specify the proposed grounds for reversal, consider the dealer's objections, and then decide the matter in accordance with law. On that basis, the impugned assessment orders were set aside and the matter was remitted for fresh adjudication after notice, objections, and hearing. en-us Wed, 03 Jun 2020 00:00:00 +0530 Tue, 30 Jun 2020 11:37:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396306 Input tax credit reversal under the Tamil Nadu Value Added Tax Act, 2006 cannot rest on a blanket or uniform percentage of invisible loss without proper factual enquiry. The Assessing Authority must issue a clear show cause notice, specify the proposed grounds for reversal, consider the dealer's objections, and then decide the matter in accordance with law. On that basis, the impugned assessment orders were set aside and the matter was remitted for fresh adjudication after notice, objections, and hearing. Case-Laws VAT and Sales Tax Wed, 03 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396306